Chapel Hill, NC – WRH Realty Services, Inc., a full-service real estate investment, property management, construction and consulting firm acquired Dobbins Hill I (55 units) and the managing member interest of Dobbins Hill II (32 units) in Chapel Hill, NC last month.
The property will continue to operate as an affordable community until the expiration of the tax credit period for Dobbins Hill I. WRH Realty Services also plans to acquire 100% ownership interest in Dobbins Hill II.
WRH Realty Services, Inc. is one of the largest full-service real estate investment, property management, construction and consulting firms in the southeast with properties in Florida, Texas, North Carolina, South Carolina, Tennessee and Georgia. The St. Petersburg based company also has regional offices in Jacksonville, Charlotte, and Houston. Specializing in multi-family real estate, WRH Realty Services manages a well-diversified portfolio of apartment communities comprised of more than 15,500 units across the southeast. Properties range from A to C conventional properties and also affordable housing comprised of LIHTC, HUD subsidized and bond financed assets. For more information, visit www.wrhrealty.com